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Adani Enterprises’ JV signs MoU with Adani Power

10 Nov 2022 Evaluate

Adani Enterprises’ (AEL) joint venture (JV) -- AdaniConnex (ACX) has signed a Memorandum of Understanding (MoU) with Adani Power (APL) to acquire 100% equity shares of APL’s wholly owned subsidiary namely, Support Properties. The object of acquisition is to set up infrastructure facilities. The transaction is expected to complete by end of January, 2023. The acquisition will be done at an Enterprise Valuation of Rs 1,556.50 crore subject to adjustments on the closing date.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises Share Price

2257.00 31.75 (1.43%)
22-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
Redington 226.00
Adani Enterprises 2257.00
Amrapali Industries 17.30
Rashi Peripheral 476.95
PDS 290.80
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